North America Hydroxypropyl Methylcellulose Market Size & Outlook
North America hydroxypropyl methylcellulose market, 2018-2030 (US$M)
Related Markets
North America hydroxypropyl methylcellulose market highlights
- The North America hydroxypropyl methylcellulose market generated a revenue of USD 226.8 million in 2021.
- The market is expected to grow at a CAGR of 4.1% from 2022 to 2030.
- In terms of segment, construction was the largest revenue generating application in 2021.
- Pharmaceuticals is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2022 to 2030.
North America data book summary
| Market revenue in 2021 | USD 226.8 million |
| Market revenue in 2030 | USD 325.6 million |
| Growth rate | 4.1% (CAGR from 2021 to 2030) |
| Largest segment | Construction |
| Fastest growing segment | Pharmaceuticals |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Construction, Pharmaceuticals, Food, Personal Care & Cosmetics |
| Key market players worldwide | Ashland Inc, Shin-Etsu Chemical Co Ltd, DuPont de Nemours Inc, CP Kelco, Chemcolloids, Zhejiang Haishen New Materials, Hebei Yibang Building Materials |
Other key industry trends
- In terms of revenue, North America region accounted for 12.1% of the global hydroxypropyl methylcellulose market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,540.9 million by 2030.
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Hydroxypropyl Methylcellulose Market Scope
Hydroxypropyl Methylcellulose Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America hydroxypropyl methylcellulose market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hydroxypropyl methylcellulose market will help companies and investors design strategic landscapes.
Construction was the largest segment with a revenue share of 45.02% in 2021. Horizon Databook has segmented the North America hydroxypropyl methylcellulose market based on construction, pharmaceuticals, food, personal care & cosmetics covering the revenue growth of each sub-segment from 2018 to 2030.
The increased requirement of cement tiles, latex putty, coatings, spray paints, and mortar from the construction industry of North America is driving the growth of HPMC market in the region.
With the rising number of residential building development projects across the U.S. and the increasing household development projects in Mexico, the construction industry of North America has witnessed significant growth over the past few years.
Various initiatives undertaken by the governments of these countries to fuel infrastructure developments, along with the flourishing residential building sector, are fueling the growth of the construction industry in North America.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America hydroxypropyl methylcellulose market , including forecasts for subscribers. This continent databook contains high-level insights into North America hydroxypropyl methylcellulose market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America hydroxypropyl methylcellulose market size, by country, 2018-2030 (US$M)
North America Hydroxypropyl Methylcellulose Market Outlook Share, 2021 & 2030 (US$M)
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